Tag: logistics
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CSX shares come off the rails while Peloton goes up a gear, and other early Friday movers
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Digital World Acquisition Corp. DWAC, -2.05%, the special purpose acquisition company (SPAC) looking to take Donald Trump’s Truth Social media company public, soared 20% in premarket trades after the SPAC reached a settlement with the Securities and Exchange Commission over fraud charges. RedHill Biopharma…
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U.S. stocks mostly lower, though Dow heads for longest winning streak in nearly 6 years
[ad_1] U.S. stock were mostly lower Thursday, though the Dow Jones Industrial Average was on track to rise for a ninth straight session in what would be its longest winning streak in nearly six years. How are stocks trading The S&P 500 SPX was off by 12 points, or 0.3%, at 4,553. The Dow Jones…
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United Airlines earnings: Even higher 2023 profit expected despite last month’s meltdown
[ad_1] United Airlines Holdings Inc. last month grappled with thousands of flight cancellations and delays, leaving passengers stranded right as the summer travel season began in earnest. But the disruptions appeared to have little effect on the airline’s full-year profit outlook, which management on Wednesday bumped higher following strong second-quarter results. Shares were up 2.5%…
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Teamsters prep for strike after trucker Yellow Corp. misses deadline for benefits contributions
[ad_1] The International Brotherhood of Teamsters issued a strike notice Tuesday, after the union said Yellow Corp.’s failure to make a “critical” payment to health care and pension funds could lead to benefit suspensions. “Yellow has a responsibility and obligation to workers,” said Teamsters General Secretary-Treasurer Fred Zuckerman. “Our members should not suffer because of…
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The nation’s biggest banks are gearing up for more consumer struggles ahead
[ad_1] JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.” But with rivals like Bank of America Corp., Goldman Sachs Group Inc. and American Express Co. set to report quarterly results this week, recession agita still prevails.…
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Opinion: Flight delayed again? Who’s to blame in the air travel blame game?
[ad_1] Flight delays, ground stops, and cancellations are all in the news. Travel over the July 4 holiday was described as a flightmare. Who or what is to blame? The airline industry blames the FAA, the FAA blames the airlines, many cite the lingering effects of the pandemic, some blame technology, others point to extreme weather and smoke from…
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Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads and USPS raises stamp prices for the third time in the past year
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads For the second time in two weeks in L.A., housekeepers, cooks, dishwashers and other hospitality workers have walked off the job. Read More What exactly are flash floods, like those hitting New York…
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USPS raises stamp prices for the third time in past year
[ad_1] The cost of a postage stamp went up by 3 cents on Sunday, marking the third increase in the price of stamps over the past 12 months by the U.S. Postal Service. The price of a domestic first-class forever stamp — the type of stamp used to mail a first-class letter — rose to…
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JetBlue to end joint venture with American Airlines to focus on Spirit merger
[ad_1] JetBlue Airways Corp. said late Wednesday it plans to unwind a joint venture with American Airlines Group Inc. in airports in the Boston and the New York City areas to focus “even more” on its merger with Spirit Airlines Inc. In a statement, JetBlue JBLU said it won’t appeal a May court ruling siding…